Top 5 POS Agencies In Nigeria and Their Charges

Have you been searching for the Top 5 POS Agencies in Nigeria? In this article, I will walk you through everything you need to know about the best and the Top 5 POS Agencies in Nigeria.

How to become a POS agent may look quite complicated to you, especially if you don’t know-how.

There are several ways to achieve this aim, one is by collecting a POS from your bank, and an alternative means is by registering with POS agencies.

POS business is one of the fastest ways to make a high income daily; you ask why?

This is because people are always in need of cash, and ATM can’t be found anywhere. But POS can be found everywhere, and it’s pretty easy for people to withdraw at any time.

pos agencies in nigeria

Why Is POS Business lucrative?

Technology keeps making our day-to-day activities more accessible, and people are always looking for easier ways to do hard things. 

No one wants to stay in the long queue in Bank anymore, so people prefer to use POS, regardless of the charges it may incur. 

Many people charge #100 to disburse #1000 cash, #200, for cash above #5000 etc.

Imagine a minimum of 100 people patronizing you in a day. That’s an average of #10,000 profit in a day.

And if you are in an exposed area, you will make more than this amount daily. 

However, bear in mind, most of these agencies also have their standard charges, either based on each transfer you make or weekly charges. 

To ensure you don’t start with the wrong POS agency, I have listed out the best POS agency you can work with, their charges, and how to collect your POS. Kindly read along to unveil the details. 

The below are the best POS Agencies in Nigeria.

Commercial banks are adopting agent banking networks. This allows agents to offer financial services to clients on their behalf.

1. PayCentre

PayCentre, an Agency Banking Network, aims to offer all financial and banking services to rural customers who are underbanked or unbanked.

PayCentre agent banking offers the possibility for individuals who want to open a local agency banking business.

It’s a Web and Mobile application that gives you access to all bank hall services. PayCentre is the best bank solution in Africa.

PayCentre Agent Requirements

Before you can become a PayCentre agent, there are specific requirements you need to meet. To become a PayCentre agent, you must meet the following requirements:

  • An Android device
  • Valid ID
  • Passport Photograph
  • Your Signature picture
  • Not more than three months old on your utility bill
  • Startup Capital
  • Strategic location
  • CAC document (for corporate entities)

How to become a PayCentre agent.

To become a PayCentre Agent Banking, the first step is to register for an agent account. The entire process takes only a few minutes. Enter your email address. Phone number email Address. Next, you will need to enter your complete information. Names, Gender, Address of Business, state and local Government. Questions such as:

  • Are you currently involved in Agency Banking?
  • Which one of these platforms do YOU use?
  • How did you learn about us?

After you have completed all fields, click the SUBMIT button.

The second step is to chat with PayCentre customer care at Within 48 hours, they will get back to you.

Next, you will need to get trained. Once you have spoken with a PayCentre representative, extensive training will be given to become a PayCentre agent. Next, you will need to become an agent. Once you have completed the PayCentre Agent Banking training, you can start making money. Next, you will be able to make money from every financial service that you provide to customers.

Amount.        Charges 

1K-₦5K               0.75%commission

₦5K-₦10K.            #55

₦10K-₦15K.           #75

₦15K-₦20K.           #99

#30k-#50k           ₦120

#50k-#250k         #200

2. Opay

First, I am sure you know that Opay, an online mobile payment service in Nigeria, is owned by Opera software, the chief owners of Opera mini, and the web browser. It is currently operational in Kenya and South Africa.

There are specific requirements to become an OPay agent. You will need the means to move, and you will also need the opay app for Android.

The application process is straightforward; however, if you’re unsure about registering as an opay agent, you can read our article.

 How To Become an Opay Agent.

We will now show you how you can apply for Opay POS Machine. However, you should note that this only happens after you have submitted your online application.

Opay Application form

Please follow the steps below to apply for a point-of-sales machine (pos) successfully.

  • Log on to Google Playstore with a smartphone.
  • Search for Opay apps for Android or iPhone, depending on the type of your phone.
  • Start the app and accept the following terms of usage.
  • Fill out the registration form for opay agents as directed
  • Follow the prompts to complete your transaction
  • After your application has been approved, you will receive an email advising you to visit the nearest opay centre to collect your pos

It’s easy to get your point-of-sales machine from opay.

Opay POS Charges

The exact of charges per transaction rely on the exact amount to be dispensed per transaction. For more inquiries, you can send an email to

3. MoniePoint

Moniepoint, another mobile money merchant, uses Point of Sale machines (POS) as their primary device for collecting and processing transactions. POS devices are distributed to agents that have passed a rigorous Know Your Customer process.

This is similar to OPay, Access Closa, and UBA Moni. Moniepoint’s security and reliability have been assured by the high-level KYC. Moniepoint offers agents the opportunity to be a “mini bank” in their locality and make good money through commissions.

How do I qualify to apply for a Moniepoint POS in Nigeria?

  1. You must be 18 years of age or older
  2. Be a Nigerian
  3. Stay tech-savvy and responsive
  4. Have a smartphone

How to request a Moniepoint POS Machine

Moniepoint POS is the most convenient agency banking POS in Nigeria right now.

The first step to getting a Moniepoint POS agent is signing up on their website ( Within 48 hours of signing up, an Aggregator calls you to take the matter further.

You can also visit their office at No.12 Wole Ariyo St., Lekki Phase 1. Once you have been mapped to an aggregator, everything can be done quickly. 


Withdrawal Charges:

N0 – N1,540 = N10

N1,541 – N20,000 = 0.65%

N20,001 – N49,999 = N130

N50,000 – N99,999 = N150

N100,000 – N500,000 = N200

Deposit/Transfer = N20 flat.


Firstmonie Agents are legal channels through which banking services can be brought closer to the general public outside of the banking environment. The First Bank of Nigeria endorses Firstmonie outlets.

First Bank Mobile Money Agents are business people who partner with First Bank of Nigeria and provide services to customers. These money agents have essential roles. This is a legal way to make money. Outside of the banking environment, he/she acts as a banker. You receive your share of the Firstmonie payment as a Firstmonie agent while providing banking services.

You might think this is just another side hustle. Let’s first look at what you need to be a Firstmonie agent

It is, I think, as good as mine. You must pass a series of tests and meet specific requirements before the First Bank of Nigeria accepts you as an agent. These requirements include.

  • You will need to own a business that has good patronage.
  • A visible, easily accessible business location
  • N50,000 minimum working capital
  • Fill out the Agent Registration Form and sign an Agreement
  • Valid identification – Voter’s Card, Driver’s License, and International Passport. National ID card
  • All regulatory information required (e.g., Business registration documents)

After completing the required requirements and passing an inspection, you are now eligible to own your Firstmonie outlet.


You will need to visit a First Bank branch near you to become a Firstmonie agent and follow the steps.

  • If you don’t already have an account, open one.
  • Complete the Firstmonie agent form. This will allow you to get a POS, which you use to make your transactions.
  • Please fill out the following requirements
  • Expect their response.

NOTE: You will need to visit your bank and meet with the customer service representative to request agency banking. This fee ranges from N5,000 to N10,000. To get a pin, you must pay this money.

FirstMonie Charges

N0 – N1,540 = N10

N1,541 – N20,000 = #30 

N20,001 – N49,999 = N130

N50,000 – N99,999 = N150

N100,000 – N500,000 = N200

5. Kudi POS

Kudi POS can be obtained in as little as 1 to 2 weeks. Agents who are ready to open a business will only be granted POS.

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Kudi POS charges

Kudi fees are 0.55 percent for withdrawals and N20On average, for every amount of deposit

This means that you will be charged N5 for every N1000 you withdraw on behalf of a customer. You will also be charged N20 to transfer any amount, whether it is on the POS platform or their web platform.

This means that if you decide to withdraw, it will be as follows

N1000 is equivalent to N5.5

N2000 charges are N11

N3000 is the cost of N16.5

N4000 is the cost of N22

N5000 is the cost of N27.5

N6000 is the equivalent of N33

N7000 is the cost of N38.5

N8000 is N44

N9000 is N49.5

N10,000 is the cost of N55.5

N11,000 is the cost of N60.5

N12,000 is the cost of N66

N13,000 is the cost of N71.5

N14,000 is the cost of N77

N15,000 is the cost of N82.5

N16,000 is the cost of N88

N17,000 is the cost of N93.5

N18,000 is the cost of N100

N100 is charged for any amount exceeding N18,000, even though it is N200,000

What commission does Kudi charge for services?

These are the commissions Kudi pays you as an agent when you purchase airtime, pay for a Tv subscription for a client, or pay your electricity bill

MTN 2% commission

Glo 2% commission

Etisalat 2% Commission

Airtel 2% commission

Subscribe to TV

DStv 2% Commission

GOgtv 2% Commission

PHCH 2% Commission

Startime commission 2%

How can I get a Kudi POS?

Here’s how to get a Kudi Point-of-Sale (POS)

Step 1: Download the Kudi App from Play Store.

Step 2: Sign up on the Kudi App

Step3: To request the POS, contact your Aggregator representative or a Kudi representative near you.

Step4: Pay for the POS using your Kudi App

Step5: Your POS has been sent.

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The POS business is one of the most secure ways to make money nowadays. Once you have registered with an agency, you will start making money from each transaction you perform

About the Author: CyberHope

Personal Blogger who loves playing around with gadgets and making reviews on them. Also, Hope is not left out in the online money-making world. He shares tips on how to make money online.

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